This website uses cookies to ensure you have the best experience. Learn more

Retail Industry Essay

1899 words - 8 pages


The retail industry is facing sweeping and unprecedented change. Customers’ expectations grow higher, economic pressures require them to do more with less, and each day new competitors appear. Responding to that rapid pace of change, retailers tell us, is both their biggest challenge and their biggest opportunity. Retailers who can adapt to change can make intelligent, fast decisions; find new markets to exploit; and constantly improve their products, services, and operations. But retailers don’t have a switch to flip that turns them into supersmart, super-adaptable businesses. Hoping to find that switch, they often turn to technology, looking for ...view middle of the document...

• Make better decisions. By providing real-time insight into key business metrics and providing proactive alerts and notifications, BPA gives broader insight into essential business processes that are critical to your business (across both the store and headquarters) and provides real-time analytics that enable you to make better decisions faster. • Enhance operational excellence. Ensuring a continuous, high-quality customer experience requires support for missioncritical business processes with the utmost levels of reliability. BPA provides a rock-solid foundation that delivers the security, performance, scalability, and reliability demanded by the distributed, mission-critical systems of modern retail enterprises. Three key areas of retail business process innovation that can be transformed through business process automation are the “point of service,” “supply chain management,” and “multichannel integration” priority solution scenarios. These scenarios, or strategic areas of focus, are examined in more detail on the following pages.

For more information, please visit

The majority of retail systems (67 percent) are home-grown legacy systems that are not equipped to enable efficient collaboration with business partners. Increasingly, retailers with a closely connected supply chain (such as Wal-Mart) have a strategic competitive advantage against those that don’t. Supply chain management solutions from Microsoft deliver an integrated approach to merchandise management that allows retailers to deploy state-of-the-art technologies at a low total cost of ownership (TCO) to meet the increasingly demanding business needs of merchandise management and demand planning (using standards like UCCnet Global Data Synchronization and EDI/AS2).

“BizTalk Server is definitely a technology that will provide a lot of value as we integrate more functionality into the system.” —Ole Andersen, Manager, Strategic Innovation, London Drugs Effective, demand-driven replenishment; integration with legacy environments; full integration for multiple channels; agility to implement and integrate emerging technologies like RFID and GDS/UCCnet

Case Study
London Drugs, a leading Canadian retail chain serving customers across Alberta and British Columbia, had historically performed virtually all of its mission-critical processes—human resources, general ledger, inventory, and merchandising—on legacy applications that were running on an AS/400 computer. The company was missing business opportunities because these applications were outdated, expensive to support, and didn’t offer the flexibility necessary for creating a much-needed automated supply chain process. London Drugs implemented a new business process automation infrastructure based on best-of-breed enterprise resource planning and supply chain applications and real-time integration. London Drugs has now linked its enterprise systems...

Other Papers Like Retail Industry

Supply Chain Practices in Retail Industry - a Comparative Study Between Emerging East and the Developed West

842 words - 4 pages Literature Review This literature review we will cover all the aspects of the retail industry and how supply chain management affects the industry. We will also be looking into the common industry practices that are used in the developed nations. Apart from this we shall also be looking at the current situation of supply chain practices that are used in retail companies in India. Witte, C, Grunhagen, M, & Clarke, R 2003, 'THE

Look at the Indian Organised Retail Industry. Would Collaboration with Global Retailers Such as Wal-Mart and Tesco Be a Better Growth Strategy, or Would It Be in Understanding Who Their Major...

652 words - 3 pages Look at the Indian organised retail industry. Would collaboration with global retailers such as Wal-Mart and Tesco be a better growth strategy, or would it be in understanding who their major competitors are and matching their capabilities and out competing them? The recent wave of reforms by the Government to incentivize Foreign Direct Investment (FDI) in various sectors is bringing a new zeal to the investment climate in India. One of the

Convenience Stores and Gas Stations in India

580 words - 3 pages 23rd September 2016 – Navi Mumbai, India: Market Report on India present the latest report on “Convenience Stores and Gas Stations in India”, The report acts as an essential tool for companies active across the India's retail industry and for new players considering entering the market. Summary "Retail Sales of Convenience Stores (Including Independents) and Gas Stations in India: Market Size, Growth and Forecast to 2020" provides

Cash & Carries and Warehouse Clubs in India

547 words - 3 pages 21th September 2016 – Navi Mumbai, India: Market Report on India present the latest report on “Cash & Carries and Warehouse Clubs in India”, The report acts as an essential tool for companies active across the India's retail industry and for new players considering entering the market. Summary "Retail Sales of Cash & Carries and Warehouse Clubs in India: Market Size, Growth and Forecast to 2020" provides detailed historic and forecast

Role Of Technology

617 words - 3 pages opportunity to enhance retail shopping experience, produce new retail channels, and offer new and more different products efficiently. The retail industry modified technologies for use in their stores and operations and is always changing the retail atmosphere. The retail marketplace has broken technology in such distinctive way; technology has been the basis for increasing new retail channels that are satisfying and suitable for customers

Abc Askie

285 words - 2 pages ratio Retail industry * Lots of inventory (especially Finished goods) * Low gross profit percentage * Low debt due to risky business High technology * High Research and Development * High gross profit * High liability Service industry * Little inventory * High shareholder equity * High receivables * High gross profit * High net income * No r & d Capital intensive * Liquor industry may have high inventories

Professional Knowledge and Abilities

754 words - 4 pages Professional Knowledge and Abilities Over the years I have often referred to different societies, organizations, and associations when doing research on certain topics. Some of the topics focused on my current job, some on my lifestyle, and others simply for personal knowledge. The one area that I never employed such resources for is the retail industry. I worked in the retail industry for approximately three years when I was younger, and made

Economies Of Scale Enjoyed By Hypermarket

3788 words - 16 pages Introduction Retailing in India is one of the pillars of its economy and accounts for 14 to 15% of its GDP The Indian retail market is estimated to be US$ 450 billion and one of the top five retail markets in the world by economic value. India is one of the fastest growing retail markets in the world, with 1.2 billion people India's retailing industry is essentially owner manned small shops. In 2010, larger format convenience stores and

Business Dimensions

1040 words - 5 pages Some of the factors responsible for the growth of organised retailing are as under: 1. Growth of middle class consumers: In India the number of middle class consumer is growing rapidly. With rising consumer demand and greater disposable income has given opportunity of retail industry to grow and prosper. They expect quality products at decent prices. Modern retailers offer a wide range of products and value added services to the customers

Global Hadoop-as-a-Service (HaaS) M2013 – 2020arket (Deployment Types, End User and Geography)

672 words - 3 pages MARKET BY DEPLOYMENT TYPES Run It Yourself (RIY) Pure Play (PP) MARKET BY END USER Manufacturing Industry BFSI Retail Industry Telecommunications Industry Healthcare Industry Government Sector Media & Entertainment Trade & Transportation IT & ITES MARKET BY GEOGRAPHY North America North America end user market Manufacturing Industry BFSI Retail Industry Telecommunications Industry Healthcare Industry Government Sector Media


2914 words - 12 pages Multi Brand Retail 1. Overview of the industry: Retailing in India is one of the pillars of its economy and accounts for 14 to 15 percent of its GDP. The Indian retail market is estimated to be US$ 500 billion and one of the top five retail markets in the world by economic value. Comprising of organized and unorganized sectors, Indian retail industry is one of the fastest growing industries in India. The organised retail trade accounts for

Related Essays

Retail Petroleum Industry Report

1682 words - 7 pages Minor Assignment Report Introduction The following report will examine the 4 elements of the marketing mix and their relevance and importance within the retail petroleum industry. The marketing mix elements are often referred to as the 4 p’s of marketing and are product, price, promotion and place (Solomon, et al. 2011, p. 21). These 4 elements are the building blocks of an effective marketing strategy and are useful in gaining an

Indian Retail Industry Essay

3441 words - 14 pages /revenue sharing arrangements * Reduction in salaries/higher manpower productivity * Significant investments in backend * Exit o fun successful new entrants Industry also witnessed failures like Subhiksha and Vishal Retail with many other existing layers still trying of in tune the is operations 3) View on future: Post consolidation, the sector is now revitalized and is poised to fully benefit from

Analysis Of Canadian Retail Industry

1209 words - 5 pages Technology The retail shopping industry can use technology to gain competitive advantages over others who don't invest in it. In the retail industry we have seen how walmart has been a leader in supply management because of their investments in information technology. Retail companies usually will have buying power over the suppliers because their purchases are a big part of the suppliers sales. In the retail industry, some companies

Hispanics And Retail Us December 2013:Industry Forecast Report

2334 words - 10 pages Hispanics and Retail - US - December 2013 Hispanics are social shoppers. They enjoy shopping and often shop with family and friends. It is therefore not surprising that recommendations from friends and family are the single most influential factor for Hispanic buyers. Though obviously neither friends nor family, marketers have an opportunity to replicate the influence of kin through experienced sales staff and engaging social media. table Of